101 Us-77 Kingsville, TX 78363
- Hospitality properties
Current Use by Public Records
- Hospitality properties
Property Details for 101 Us-77
- Year built
- 1984
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 86-key hotel, located at 101 US-77 in Kingsville, Texas, presents a lucrative investment opportunity. Built in 1984 and extensively renovated in 2020, the property boasts modern amenities including free WiFi in all rooms, with select rooms featuring micro-fridges. Guests enjoy an outdoor pool, convenient coin laundry facilities, and ample truck parking, catering to a diverse clientele. The hotel's strategic location, 35 miles southwest of Corpus Christi off US-77, ensures high visibility and accessibility. The asking price for this turnkey operation is $2,500,000. This represents a strong return on investment in a thriving Texas market. The property's recent renovation ensures minimal capital expenditure needs, allowing for immediate revenue generation. Financial records are available upon request to qualified buyers. This well-maintained hotel offers a blend of comfort and convenience, making it an attractive choice for both business and leisure travelers. The property's strong occupancy rates and positive cash flow make it an ideal addition to any hospitality portfolio. The Kleberg County location provides access to a robust local economy and a steady stream of tourists. Don't miss this chance to acquire a profitable and well-established hotel in a desirable Texas location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsville
- County
- Kleberg
- State
- Texas
- Longitude
- -97.8419
- Latitude
- 27.5174
